Free Banking Exam Commercial Bank Question and Answers

Question 1

When the rate of inflation increases, the purchasing power of money falls.

Accepted Answer

decreases

Answer

People's capacity to purchase products is reduced by price inflation. If an employee's pay stays the same but the cost of things rises, they will be able to purchase fewer items. People will be able to purchase more goods when wages rise.

Question 2

When was the first publication of OMBUDS MEN SCHEME?

Accepted Answer

Thu Jun 01 00:00:00 UTC 1995

Answer

The year 1995 saw the introduction of this program.

Question 3

What exactly is MSF?

Accepted Answer

Marginal Standing Facility

Answer

The margin standing facility (MSF) rate is the cost at which the scheduled banks can overnight borrow money from the RBI in exchange for government assets.

Question 4

Which NPCI-launched Indian card program?

Accepted Answer

RuPay

Answer

The card program launched by NPCI is called RuPay.

Question 5

Which central bank is regarded as the mother of them all?

Accepted Answer

Bank of England

Answer

The Bank of England, which was established in 1694, is the UK's central bank. The Bank, also referred to as the "Old Lady" of Threadneedle Street, serves to further the welfare of the British people by preserving monetary and financial stability.

Banking Exam Practice Test

Banking Exam Practice Test

Free Banking Exam Commercial Bank Question and Answers